Trump Fires Fed's Lisa Cook as FEMA Staff Revolt Over Cuts

President Donald Trump announced he has removed Federal Reserve board member Lisa Cook from her position. The move comes as the Federal Emergency Management Agency (FEMA) faces internal turmoil. A letter from FEMA staff has been published. It warns that planned budget cuts will severely damage the agency. The staff say the reductions will limit FEMA's ability to respond to disasters. The two events are not directly linked. However, they highlight simultaneous upheaval in key U.S. financial and emergency institutions. The Federal Reserve manages the nation's monetary policy. FEMA coordinates the government's response to hurricanes, wildfires, and other major crises. No reason was given for Cook's dismissal. The FEMA letter did not specify who ordered the budget cuts.